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Differences between simple interest and compound interest

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Reference no: EM132997258

Question -

1. What are the differences between simple interest and compound interest?

2. With regards to money: What are the differences between future value and present value?

3. What considerations do you need to take when considering "time value of money"?

4. Why is the following statement true? "A dollar today is worth more than a dollar tomorrow."

Reference no: EM132997258

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